The average pay for a Cost Accountant is Rs 464,527 per year. People in this job generally don't have more than 20 years' experience. Experience strongly influences salary for this job.

Rs 205,852 - Rs 990,844
Rs 210K
Rs 430K
Rs 990K
MEDIAN: Rs 431,646
10%
50%
90%
Rs 0Rs 1M
Salary Rs 205,852 - Rs 990,844
Bonus Rs 3,999 - Rs 137,500
Profit Sharing Rs 0.00 - Rs 100,000
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
Rs 217,884 - Rs 1,036,396
  • Country: India
  • Currency: INR
  • Updated: 16 Dec 2017
  • Individuals Reporting: 446

Job Description for Cost Accountant

A cost accountant performs routine and special analyses to help determine the type of operations and materials that are most cost effective for their organization. This accountant helps assess which products and raw materials are best suited to their company’s objectives, and they may be expected to create a costing system that can continuously evaluate the value of inventory and associated costs. The cost accountant should be able to determine and explain the factors that will cause costs to vary; strong research skills are essential to determine all of the costs associated with certain decisions. Additionally, cost accountants may need to document internal factors and controls that are affecting costs. The cost accountant often helps senior management to make key decisions, in some cases including decisions related to employees' salaries and product pricing.

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Cost Accountant Tasks

  • Analyzes monthly and quarterly ledger activities.
  • Prepares financial audit schedules and reports for management.
  • Ensures services and processes are in compliance with account practices and regulatory requirements.
  • Record and report the costs of manufacturing goods and providing services.

Cost Accountant Job Listings

Popular Skills for Cost Accountant

Pay by Experience Level for Cost Accountant

Pay by Experience for a Cost Accountant has a positive trend. An entry-level Cost Accountant with less than 5 years of experience can expect to earn an average total compensation of Rs 411,000 based on 185 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Cost Accountant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of Rs 606,000 based on 56 salaries. An experienced Cost Accountant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of Rs 962,000 based on 29 salaries. A Cost Accountant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of Rs 1,742,000 based on 8 salaries.

Pay Difference by Location

National Average: Rs 466,196

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Cost Accountant

Gender

Female
18 %
Male
82 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 10 votes.
Less than 1 year
21%
1-4 years
52%
5-9 years
17%
10-19 years
8%
20 years or more
2%

Experience Affects Cost Accountant Salaries

Late-Career
▲274%

▲106%

▲30%

National Average
Rs 466,000

▼12%

Skills That Affect Cost Accountant Salaries


SAP SAP Financial Accounting and Controlling (SAP FICO)
▲8%




National Average
Rs 466,000


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 10 votes.

Gender

Female
18 %
Male
82 %

Years of Experience

Less than 1 year
21%
1-4 years
52%
5-9 years
17%
10-19 years
8%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 59%
dental benefits
Dental: 7%
vision benefits
Vision: 9%
no benefits
None: 40%